Denver home values increased 2.8 percent to $209,700 in May compared with the same month a year ago, according to the latest report by real estate website Zillow.com.

Denver saw the third largest bump in home values across the country behind Phoenix and Miami-Fort Lauderdale, Fla.

Nationally, home values fell nearly 1 percent to $148,100, the smallest year-over-year decline since October 2007. Compared with April, national values in May rose 0.5 percent, according to the May Zillow Real Estate Market Reports.

“It is promising to see consecutive months of national home value increases, especially during a period in which we’d expected more downward pressure due to foreclosures,” said Zillow chief economist Stan Humphries. “Attention has now shifted to the tug-of-war situation with inventory, where buyers want to buy but sellers don’t want to – or can’t – sell.” Read more…

Laura Keeney writes about aerospace and airlines for The Post. When she's not at work, you can usually find her taking in live music, reading voraciously, or doing something science-related and nerdy. She also loves The Clash ... a lot.

Emilie Rusch covers retail and commercial real estate for The Post. A Wisconsin native and Mizzou graduate, she moved to Colorado in 2012. Before that, she worked at a small daily newspaper in South Dakota. It's the one with Mount Rushmore.